Offset Rights. Any debts or credits incurred on and after the Effective Date in favor of or against either the Company or Reinsurer with respect to this Agreement are deemed mutual debts or credits, as the case may be, and shall be set off, and only the balance shall be allowed or paid.
Appears in 10 contracts
Samples: Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Lincoln National Corp), Modified Coinsurance Agreement (ING U.S., Inc.)
Offset Rights. Any debts or credits incurred on and after the Effective Closing Date in favor of or against either the Company or Reinsurer with respect to this Agreement are deemed mutual debts or credits, as the case may be, and shall be set off, and only the balance shall be allowed or paid.
Appears in 1 contract
Samples: Letter Agreement (Kilico Variable Annuity Separate Account)
Offset Rights. (a) Any debts or credits incurred prior to, on and or after the Effective Date in favor of or against either the Ceding Company or the Reinsurer with respect to this Agreement are deemed mutual debts or credits, as the case may be, and shall be set off, and only the balance shall be allowed or paid.
Appears in 1 contract
Samples: Reinsurance Agreement
